Image of the pink square with a house and a dollar-sign Mortgage Qualifier Tool

From Financial Consumer Agency of Canada

This calculator helps you determine whether or not you can qualify for a home mortgage based on income and expenses.

All insured homebuyers must qualify for a mortgage based on the highest interest rate of either:

  • the interest rate in your mortgage contract
  • the Bank of Canada’s conventional five-year fixed posted mortgage rate. As of October 5, 2016 the Bank of Canada’s conventional five-year fixed posted mortgage rate is 4.64%

Property Information

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Your Income and Anticipated Expenses

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We offer this mortgage calculator as a self-help tool for your use. This tool does not replace professional financial advice. We cannot guarantee that this calculator will apply or be accurate in your situation. For example, your mortgage lender may make its calculations in a different way. All calculations are examples only.
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